Scotiabank Increases OceanaGold (TSE:OGC) Price Target to C$6.00

OceanaGold (TSE:OGC) had its price objective boosted by Scotiabank from C$4.75 to C$6.00 in a report released on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada upped their target price on OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC reduced their target price on OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. Finally, National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus price target of C$4.93.

OceanaGold Trading Up 5.2 %

OceanaGold stock opened at C$4.45 on Thursday. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.45. The stock’s 50 day simple moving average is C$3.90 and its two-hundred day simple moving average is C$3.53. The firm has a market cap of C$3.17 billion, a PE ratio of 445.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The company had revenue of C$470.93 million during the quarter. On average, equities research analysts forecast that OceanaGold will post 0.6283048 EPS for the current year.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.